Recent Hard Money Commercial Loan in Weaverville: $425,000 @ 11.50%, 1st TD, Cash-Out, LTV 56.67%
Successful business owner/operator of “Trinity Iron Works” and real estate investor sought a cash-out 1st TD on this commercial building and two adjacent lots, each with their own electrical/gas/address, to pay-off a small, existing and in good standing $175k 1st TD and 100% of the balance of the funds will be used towards the down-payment purchase…